Because of the merger there are a lot of extra shares, the consolidation reduces the number of shares and therefore reduces the cost to maintain the dividends (which are the main reason to hold this share long term)
neither, ultimately it means you will hold less shares with the difference in value being made up by the B shares created and then 'sold'. Other than market movements and fractions you will neither be better or worse off and the share price will remain the same
Hope you all topped up :)
SL already have premises in Frankfurt, and across the globe, as a global company it should be no surprise from time to time they expand their operations in some areas and seek new accommodation to cope. The 'implication' is 'frankly' nonsense (pun intended).
HSBC doesn't even seem to agree with itself. HSBC lowered Standard Life Plc to a “hold” rating and increased their target price for the stock from GBX 360 ($4.39) to GBX 405 ($4.94)
Probably a lot of twitchy investors with the EU vote appearing to be a close call, perhaps less confident of Remain winning out as the polls are active, who knows!
At <£3.30 it's a good time to get in
If so hope you all bought in, good potential up side for long term holders
it's on the new holding, ie whatever you hold on the 9th of April
11.43p giving a total of 17.03p for 2014. Up 7.8% on 2013. Although you have to factor in you now have ~18% less shares assuming you just held over the period.
When the deal was announced the share price was at 328.5, this rose to 401.5 (73p) Consolidation was to maintain the higher share price whilst reducing the number of shares so your 9/11 shares at 401.5 are worth the same as your 11/11 were at 328.5 with the 73p per share as a genuine windfall. (I think that's how this works) In theory the share price would then remain at 401.5 or thereabouts, but Mr Market has been kind and this has risen further still. In other words you would only receive the windfall if you were in at 328.5 (there's no such thing as free money) although given the rise to ~470 there was still some gains to be made at 401.5 GLA
the drop after the pension announcement was during the short period of uncertainty of how it would effect SL long term. In the referendum if there's a Yes vote there will be a long period of uncertainty while all the fine details of separation are ironed out and Scotland decides what currency to use etc. There's nothing a financial market likes less than uncertainty, as was witnessed yesterday across Scottish stocks.
perhaps depends on your view of which way the referendum will go. Even the slightest hint of a Yes vote knocked Scottish companies yesterday. If it's a Yes expect a steep drop in the short term at least as the level of uncertainty will be huge and probably a bit of a bounce in the event of a No.
The deal is set to take place Q1 2015 so there won't be a dividend until then. I'd assume it would be on current shares only
http://www.bbc.co.uk/news/business-29057434 Dividend of 73p per share expected http://www.theguardian.com/business/2014/sep/04/standard-life-david-nish-windfall-manulife
Someone has a few quid to spend today 11-Jun-14 17:46:47 396.50 1,009,672 Sell* 392.00 403.00 4.003M O
there was a drop at the time - this drop will relate to the actual effect on sales of annuities since the announcement.
Seems a steep drop for a relatively small annuity business that won't be felt for quite some time. Perhaps it will pick up again as the day goes on.
http://www.bbc.co.uk/news/uk-scotland-scotland-business-22004908